Xinming China Holdings Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	1.37	0.66	1.34	7.43	20.22	5.25
Short-Term Investments	-	40.99	34.96	48.93	104.45	164.46
Cash & Short-Term Investments	1.37	41.65	36.29	56.37	124.67	169.71
Cash Growth	120.23%	14.75%	-35.61%	-54.79%	-26.54%	-55.38%
Accounts Receivable	3.68	3.2	1.43	1.25	33.52	24.54
Other Receivables	-	2.12	2.12	3.21	3.21	15.13
Receivables	3.68	5.32	3.55	4.45	36.72	39.67
Inventory	940.51	959.47	1,043	1,422	1,992	2,820
Other Current Assets	44.59	3.81	3.67	4.67	5.73	6.78
Total Current Assets	990.16	1,010	1,087	1,488	2,159	3,036
Property, Plant & Equipment	0.67	0.67	0.68	0.7	0.75	4.01
Long-Term Deferred Tax Assets	227.86	227.86	210.09	202.27	76.09	86.2
Other Long-Term Assets	905.93	905.93	918.2	936.1	2,988	3,296
Total Assets	2,125	2,145	2,216	2,627	5,224	6,422
Accounts Payable	448.83	459.57	483.7	340.02	322.21	374.61
Accrued Expenses	-	446.93	355.89	324.76	361.7	1,029
Short-Term Debt	-	117.28	117.28	39	49	100
Current Portion of Long-Term Debt	1,487	1,495	1,552	1,549	1,806	2,127
Current Income Taxes Payable	905	905	903.38	872.08	881.92	249.9
Current Unearned Revenue	155.71	171.21	196.46	623.11	485.78	266
Other Current Liabilities	2,649	1,923	1,398	1,083	816.12	831.58
Total Current Liabilities	5,646	5,518	5,007	4,830	4,722	4,977
Long-Term Deferred Tax Liabilities	175.74	175.74	168.32	163.35	478.47	581.01
Other Long-Term Liabilities	-	-	-	66.51	-	-
Total Liabilities	5,821	5,694	5,175	5,060	5,201	5,558
Common Stock	14.88	14.88	14.88	14.88	14.88	14.88
Additional Paid-In Capital	496.16	496.16	496.16	496.16	496.16	496.16
Retained Earnings	-3,931	-3,794	-3,306	-2,780	-529.29	334.65
Comprehensive Income & Other	38.76	38.71	38.77	38.77	38.77	38.77
Total Common Equity	-3,381	-3,244	-2,756	-2,230	20.52	884.45
Minority Interest	-315.66	-304.8	-203.49	-203.49	2.2	-20.4
Shareholders' Equity	-3,697	-3,549	-2,960	-2,433	22.72	864.05
Total Liabilities & Equity	2,125	2,145	2,216	2,627	5,224	6,422
Total Debt	1,487	1,612	1,669	1,588	1,855	2,227
Net Cash (Debt)	-1,485	-1,570	-1,633	-1,531	-1,730	-2,057
Net Cash Per Share	-79.07	-83.60	-86.93	-81.51	-92.09	-109.48
Filing Date Shares Outstanding	187.86	18.79	18.79	18.79	18.79	18.79
Total Common Shares Outstanding	187.86	18.79	18.79	18.79	18.79	18.79
Working Capital	-4,656	-4,508	-3,920	-3,343	-2,564	-1,941
Book Value Per Share	-18.00	-172.70	-146.70	-118.70	1.09	47.08
Tangible Book Value	-3,381	-3,244	-2,756	-2,230	20.52	884.45
Tangible Book Value Per Share	-18.00	-172.70	-146.70	-118.70	1.09	47.08
Machinery	-	12.99	13.23	13.23	13.23	26.61

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.